VMFGX vs. QQQ
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) and Invesco QQQ ETF (QQQ).
VMFGX is managed by Vanguard. It was launched on Mar 28, 2011. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
VMFGX vs. QQQ - Performance Comparison
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VMFGX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMFGX Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares | 3.91% | 7.43% | 15.86% | 17.42% | -18.99% | 18.83% | 22.61% | 26.20% | -10.39% | 19.87% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, VMFGX achieves a 3.91% return, which is significantly higher than QQQ's -4.76% return. Over the past 10 years, VMFGX has underperformed QQQ with an annualized return of 10.58%, while QQQ has yielded a comparatively higher 18.99% annualized return.
VMFGX
- 1D
- 3.44%
- 1M
- -6.81%
- YTD
- 3.91%
- 6M
- 4.99%
- 1Y
- 20.83%
- 3Y*
- 13.08%
- 5Y*
- 5.78%
- 10Y*
- 10.58%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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VMFGX vs. QQQ - Expense Ratio Comparison
VMFGX has a 0.08% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VMFGX vs. QQQ — Risk / Return Rank
VMFGX
QQQ
VMFGX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VMFGX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.07 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.66 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.00 | -0.40 |
Martin ratioReturn relative to average drawdown | 6.93 | 7.32 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMFGX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.07 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.59 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.86 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.38 | +0.22 |
Correlation
The correlation between VMFGX and QQQ is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VMFGX vs. QQQ - Dividend Comparison
VMFGX's dividend yield for the trailing twelve months is around 0.68%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFGX Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares | 0.68% | 0.70% | 0.84% | 1.21% | 1.12% | 0.53% | 0.79% | 1.22% | 1.18% | 0.93% | 1.14% | 1.14% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
VMFGX vs. QQQ - Drawdown Comparison
The maximum VMFGX drawdown since its inception was -39.15%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for VMFGX and QQQ.
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Drawdown Indicators
| VMFGX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -82.97% | +43.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -12.62% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -35.12% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | -35.12% | -4.03% |
Current DrawdownCurrent decline from peak | -6.81% | -7.86% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -32.99% | +27.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.44% | -0.28% |
Volatility
VMFGX vs. QQQ - Volatility Comparison
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) has a higher volatility of 7.88% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that VMFGX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMFGX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 6.61% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 12.82% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.12% | 22.70% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 22.38% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 22.25% | -1.26% |